Ghana is set to sign critical bilateral agreements with creditor countries today, July 25, under the G-20 Common Framework for debt restructuring, as part of broader efforts to stabilize the economy and address external debt challenges.
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The announcement was made by Finance Minister Dr. Cassiel Ato Forson during the 2025 Mid-Year Budget Review in Parliament. He confirmed that the government will begin formal engagements with individual creditor nations, starting with France.
“We are ready to sign the agreements with two countries as of tomorrow. First, we will sign with France, followed by a second country yet to be confirmed,” Dr. Forson stated.
This development follows parliamentary approval of the indicative terms proposed by the Official Creditor Committee (OCC) on June 24, 2025.
In addition to bilateral talks, the Minister noted that the government has entered into Non-Disclosure Agreements (NDAs) with some commercial creditors as part of ongoing negotiations to restructure commercial debt.
Dr. Forson emphasized that the government remains committed to comprehensive debt restructuring efforts under the G-20 framework, an essential pillar of Ghana’s economic recovery agenda aimed at restoring investor confidence and ensuring long-term fiscal health.
